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Statistical Supplement | September 2004

Statistical Supplement to the Federal Reserve Bulletin, September 2004
1.44  Federal and Federally Sponsored Credit Agencies, Debt Outstanding
Millions of dollars, end of period
Agency 2000 2001 2002 2003 2003 2004
Dec Jan Feb Mar Apr
1 Federal and federally sponsored agencies 1,851,632 2,121,057 2,351,039 n.a. n.a. n.a. n.a. n.a. n.a.
 
2 Federal agencies 25,666 276 2 25,412 25,412 24,922 25,049 25,138r n.a.
3 Defense Department1 6 6 6 6 6 6 6 6 n.a.
4 Export-Import Bank2, 3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
5 Federal Housing Administration4 255 26,828 26,828 290 290 120 120 120 n.a.
6 Government National Mortgage Association certificates of participation5 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
7 Postal Service6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
8 Tennessee Valley Authority 25,660 270 270 25,406 25,406 24,916 25,043 25,132 n.a.
9 United States Railway Association6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
 
10 Federally sponsored agencies7 1,825,966 2,120,781 2,351,037 2,645,667 2,645,667 2,669,559 2,679,201 2,668,918 2,671,346
11 Federal Home Loan Banks 594,404 623,740 674,841 745,226 745,226 763,647 774,661 770,195 795,477
12 Federal Home Loan Mortgage Corporation 426,899 565,071 648,894 744,800 744,800 768,600 760,000 747,300 728,300
13 Federal National Mortgage Association 642,700 763,500 851,000 961,732 961,732 939,279 942,431 945,343 940,296
14 Farm Credit Banks8 74,181 76,673 85,088 92,151 92,151 93,371 94,326 95,676 95,470
15 Student Loan Marketing Association9 45,375 48,350 47,900 58,500 58,500 61,600 64,700 67,500 69,000
16 Financing Corporation10 8,170 8,170 8,170 8,170 8,170 8,170 8,170 8,170 8,170
17 Farm Credit Financial Assistance Corporation11 1,261 1,261 1,261 1,261 1,261 1,261 1,261 1,261 1,261
18 Resolution Funding Corporation12 29,996 29,996 29,996 29,996 29,996 29,996 29,996 29,996 29,996
 
  Memo  
19 Federal Financing Bank debt13 40,575 39,096 37,017 30,811 30,811 31,263 30,855 30,128 n.a.
 
  Lending to federal and federally sponsored agencies  
20 Export-Import Bank3 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
21 Postal Service6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
22 Student Loan Marketing Association n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
23 Tennessee Valley Authority n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
24 United States Railway Association6 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
 
  Other lending14  
25 Farmers Home Administration 5,275 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
26 Rural Electrification Administration 13,126 13,876 14,489 16,127 16,127 16,150 16,335 16,426 n.a.
27 Other 22,174 25,220 22,528 14,684 14,684 15,113 14,520 13,702 n.a.

1. Consists of mortgages assumed by the Defense Department between 1957 and 1963 under family housing and homeowners' assistance programs.   Return to table

2. Includes participation certificates reclassified as debt beginning Oct. 1, 1976.   Return to table

3. On-budget since Sept. 30, 1976.   Return to table

4. Consists of debentures issued in payment of Federal Housing Administration insurance claims. Once issued, these securities may be sold privately on the securities market.   Return to table

5. Certificates of participation issued before fiscal year 1969 by the Government National Mortgage Association acting as trustee for the Farmers Home Administration; the Department of Health, Education, and Welfare; the Department of Housing and Urban Development; the Small Business Administration; and the Veterans Administration.   Return to table

6. Off-budget.   Return to table

7. Includes outstanding noncontingent liabilities: notes, bonds, and debentures. Includes Federal Agricultural Mortgage Corporation; therefore, details do not sum to total. Some data are estimated.   Return to table

8. Excludes borrowing by the Farm Credit Financial Assistance Corporation, which is shown on line 17.   Return to table

9. Before late 1982, the association obtained financing through the Federal Financing Bank (FFB). Borrowing excludes that obtained from the FFB, which is shown on line 22.   Return to table

10. The Financing Corporation, established in August 1987 to recapitalize the Federal Savings and Loan Insurance Corporation, undertook its first borrowing in October 1987.   Return to table

11. The Farm Credit Financial Assistance Corporation, established in January 1988 to provide assistance to the Farm Credit System, undertook its first borrowing in July 1988.   Return to table

12. The Resolution Funding Corporation, established by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, undertook its first borrowing in October 1989.   Return to table

13. The FFB, which began operations in 1974, is authorized to purchase or sell obligations issued, sold, or guaranteed by other federal agencies. Because FFB incurs debt solely for the purpose of lending to other agencies, its debt is not included in the main portion of the table to avoid double counting.   Return to table

14. Includes FFB purchases of agency assets and guaranteed loans; the latter are loans guaranteed by numerous agencies, with the amounts guaranteed by any one agency generally being small. The Farmers Home Administration entry consists exclusively of agency assets, whereas the Rural Electrification Administration entry consists of both agency assets and guaranteed loans.   Return to table

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Last update: November 10, 2005